Related Experiment Video
Updated: Jul 3, 2026

The HoneyComb Paradigm for Research on Collective Human Behavior
Published on: January 19, 2019
The Nash equilibrium: a perspective
1Department of Economics, University of Virginia, Charlottesville, VA 22904-4182, USA. cah2k@cms.mail.virginia.edu
Abstract:
In 1950, John Nash contributed a remarkable one-page PNAS article that defined and characterized a notion of equilibrium for n- person games. This notion, now called the "Nash equilibrium," has been widely applied and adapted in economics and other behavioral sciences. Indeed, game theory, with the Nash equilibrium as its centerpiece, is becoming the most prominent unifying theory of social science. In this perspective, we summarize the historical context and subsequent impact of Nash's contribution.
More Related Videos
06:18The Collective Trust Game: An Online Group Adaptation of the Trust Game Based on the HoneyComb Paradigm
Published on: October 20, 2022
08:24The Joint Effect of Social Comparison and Social Distance on Evaluation of Intertemporal Choice Outcomes in Event-related Potential Studies
Published on: August 25, 2023
Related Concept Videos
Solution Equilibrium and Saturation
Dynamic Equilibrium
The Nernst Equation
The interconnection between standard cell potentials and various thermodynamic parameters such as the standard free energy change ΔG° and equilibrium constant K has been previously explored. For example, a redox reaction involving zinc(II) and tin(II) ions at 1 M concentration with Eºcell = +0.291 V and ΔG° = −56.2 kJ is spontaneous.
Alternative Sets of Equilibrium Equations
One example of such a situation can be observed in a...
Social Exchange Theory
Equity Theory